PPL Corp (PPL) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group lowered its stake in PPL Corp (NYSE:PPL) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,493 shares of the utilities provider’s stock after selling 4,374 shares during the quarter. Schroder Investment Management Group’s holdings in PPL were worth $1,852,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in PPL. Canada Pension Plan Investment Board raised its position in shares of PPL by 993.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,702,384 shares of the utilities provider’s stock valued at $64,605,000 after buying an additional 1,546,706 shares in the last quarter. Denali Advisors LLC raised its position in shares of PPL by 1,383.1% during the 3rd quarter. Denali Advisors LLC now owns 426,348 shares of the utilities provider’s stock valued at $16,180,000 after buying an additional 397,600 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of PPL by 14.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,714,803 shares of the utilities provider’s stock valued at $104,954,000 after buying an additional 349,588 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of PPL by 17.4% during the 3rd quarter. New York State Common Retirement Fund now owns 1,741,770 shares of the utilities provider’s stock valued at $66,100,000 after buying an additional 258,600 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of PPL by 532.3% during the 2nd quarter. Sterling Capital Management LLC now owns 231,485 shares of the utilities provider’s stock valued at $8,949,000 after buying an additional 194,875 shares in the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.
Shares of PPL Corp (PPL) traded down $0.17 during trading hours on Thursday, reaching $33.87. 5,283,500 shares of the company traded hands, compared to its average volume of 3,315,750. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48. The company has a market cap of $23,320.00, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.23 and a beta of 0.48. PPL Corp has a one year low of $33.52 and a one year high of $40.20.
PPL (NYSE:PPL) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.03 billion. PPL had a net margin of 20.60% and a return on equity of 15.30%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. analysts predict that PPL Corp will post 2.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.58 dividend on an annualized basis and a yield of 4.66%. PPL’s dividend payout ratio is currently 71.49%.
PPL has been the topic of several analyst reports. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Tuesday. Canaccord Genuity reiterated a “buy” rating and set a $48.00 price target on shares of PPL in a report on Thursday, November 30th. KeyCorp reiterated a “hold” rating on shares of PPL in a report on Friday, October 20th. SunTrust Banks initiated coverage on shares of PPL in a report on Tuesday, October 10th. They set a “buy” rating and a $43.00 price target on the stock. Finally, ValuEngine upgraded shares of PPL from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $40.72.
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PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.
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